Procurement Slide Deck
Use this interactive slide deck to study Chapter 13: Procurement concepts. Navigate using the arrows or click on a slide to view.
Slide 1: Introduction to Procurement
Procurement management involves acquiring goods and services from external sources to meet project needs.
- Aligned with PMP ECO and PMBOK® Guide, Seventh Edition
- Covers Plan Procurement Management, Conduct Procurements, Control Procurements
- Addresses predictive, agile, and hybrid methodologies
Slide 2: Plan Procurement Management
Key activities in planning procurement include:
- Make-or-Buy Analysis: Evaluate cost, expertise, and capacity
- Procurement Management Plan: Defines strategies, contract types, and criteria
- Procurement Documents: SOW, RFP, RFQ
- Agile Approach: Short-term contracts for iterative deliverables
Slide 3: Conduct Procurements
Focuses on selecting vendors and awarding contracts:
- Bidder Conferences: Ensure fairness and clarity
- Proposal Evaluation: Use weighted criteria (cost, quality, experience)
- Contract Negotiation: Finalize scope, price, deliverables
- Agile: Use T&M contracts for flexibility
Slide 4: Control Procurements
Ensures vendor performance aligns with contracts:
- Performance Reviews: Monitor deliverables against terms
- Procurement Audits: Identify lessons learned
- Contract Change Control: Manage scope or cost changes
- Agile: Iterative reviews during sprints
Slide 5: Contract Types
Key contract types and their risk profiles:
- Fixed-Price (FP): FFP, FPIF; high risk for seller
- Cost-Reimbursable (CR): CPFF, CPIF; high risk for buyer
- Time-and-Materials (T&M): Flexible for agile projects
- Hybrid: Combines FP and CR elements
Slide 6: Tools and Techniques
Essential tools for procurement management:
- Market Research: Identify capable vendors
- Source Selection Criteria: Weighted scoring for bids
- Procurement Audits: Improve future processes
- Agile Tools: Kanban boards, backlog prioritization
Slide 7: Agile Procurement
Adapting procurement for agile and hybrid projects:
- Iterative Contracts: Short-term agreements for sprints
- Collaborative Approach: Vendors join agile teams
- Rita’s Agile Process Chart: Visualizes agile procurement workflows
- Key Benefit: Flexibility to adapt to changing requirements
Slide 8: Common Pitfalls
Avoid these procurement challenges:
- Inadequate Planning: Unclear SOW or criteria
- Poor Vendor Selection: Ignoring past performance
- Neglecting Change Control: Unmanaged scope creep
- Agile Missteps: Overly rigid contracts in adaptive projects